Cipher Mining Inc. (NASDAQ:CIFR – Get Rating) saw unusually large options trading activity on Tuesday. Stock traders purchased 2,534 call options on the stock. This represents an increase of 403% compared to the average daily volume of 504 call options.
Cipher Mining Stock Down 7.7 %
CIFR opened at $1.68 on Wednesday. Cipher Mining has a 12-month low of $0.38 and a 12-month high of $3.94. The firm’s fifty day moving average price is $1.40 and its 200 day moving average price is $1.17.
Hedge Funds Weigh In On Cipher Mining
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Cipher Mining by 32.3% during the third quarter. Vanguard Group Inc. now owns 3,020,272 shares of the company’s stock valued at $3,806,000 after buying an additional 736,781 shares in the last quarter. State Street Corp lifted its position in shares of Cipher Mining by 19.6% in the third quarter. State Street Corp now owns 720,940 shares of the company’s stock worth $908,000 after purchasing an additional 118,287 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Cipher Mining by 1,738.2% in the fourth quarter. Renaissance Technologies LLC now owns 645,200 shares of the company’s stock worth $361,000 after purchasing an additional 610,100 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Cipher Mining by 30.5% in the third quarter. Van ECK Associates Corp now owns 544,129 shares of the company’s stock worth $686,000 after purchasing an additional 127,088 shares in the last quarter. Finally, Vident Investment Advisory LLC lifted its position in shares of Cipher Mining by 2,630.5% in the first quarter. Vident Investment Advisory LLC now owns 392,188 shares of the company’s stock worth $1,428,000 after purchasing an additional 377,825 shares in the last quarter. Institutional investors own 10.80% of the company’s stock.
Wall Street Analyst Weigh In
About Cipher Mining
Cipher Mining Inc, a technology company, operates in the bitcoin mining ecosystem in the United States. It engages in developing and growing a cryptocurrency mining business that specializes in bitcoin. The company was incorporated in 2021 and is based in New York, New York.
- Get a free copy of the StockNews.com research report on Cipher Mining (CIFR)
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